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 <p class="is-style-lead">Coinbase is the latest crypto company to <a rel="noopener noreferrer nofollow" title="secure" href="https://thebittimes.com/tag/secure.html">secure</a> full <a rel="noopener noreferrer nofollow" title="regulatory" href="https://thebittimes.com/tag/regulatory.html">regulatory</a> <a rel="noopener noreferrer nofollow" title="approval" href="https://thebittimes.com/tag/approval.html">approval</a> in Singapore. </p> 
 <p class="is-style-default">The U.S. exchange’s Singaporean arm announced it had received a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS), becoming a fully authorized player in Singapore.</p> 
 <p>The platform had <a rel="noopener noreferrer nofollow" title="secure" href="https://thebittimes.com/tag/secure.html">secure</a>d a temporary licensing exemption from the Singaporean central bank in March 2020. Two years later, in October 2022, Coinbase received an “In Principle” license to operate in the city-state.&nbsp;</p> 
 <p>Moreover, the Republic of Singapore, often viewed as a crypto haven, is no stranger to the allure of digital currencies, with a staggering 25% of its population embracing crypto as the future of finance.&nbsp;</p> 
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 <p>Furthermore, an impressive 32% of Singaporeans have already ventured into crypto. The latest Chainalysis Global Crypto Adoption Index revealed that Singapore received the seventh-highest amount of crypto in the previous year.</p> 
 <h2 class="wp-block-heading" id="international-expansion">International expansion&nbsp;</h2> 
 <p>Coinbase’s strategy for international expansion is becoming increasingly clear. The company is strategically targeting countries with well-defined cryptocurrency regulations.</p> 
 <p>The Singaporean license comes a month after Coinbase released a blog post on Sept. 6, pointing out six crucial markets for near-term operations. These included the European Union, Singapore, Canada, the U.K., Australia, and Brazil.<br>The company also announced last month that it had expanded further into Europe with the procurement of a license from the Bank of Spain to operate in the country as an official exchange for Bitcoin (BTC) and other crypto assets.</p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coinbase-secures-full-regulatory-approval-in-singapore-tbt64821.html">https://thebittimes.com/coinbase-secures-full-regulatory-approval-in-singapore-tbt64821.html</a></p>

Coinbase secures full regulatory approval in Singapore

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TheBitTimes

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